18 June

Sticky

Remington Gun Maker Vista Outdoor Rises as Cowen Calls it ‘Top Pick’ By Investing.com

Posted by admin

in News

By Christiana Sciaudone Investing.com -- Vista Outdoor (NYSE:VSTO) rose more than 3% after Cowen called it a top pick. The firm sees “greater” earnings per share “resiliency," CNBC reported. “The ammo surge has legs, Remington’s ramp offers upside to F22 Street ests, & VSTO’s improved credit profile & new operating philosophy allows product introductions & channel enhancements that should allow for greater EPS resiliency vs. prior cycles,” the firm said. Vista Outdoor makes guns, among other outdoor sporting goods. According to the Federal Bureau of Investigation, statistics representing the number of firearms background checks initiated through...

18 June

0 Comments

Sticky

Sterling falls below $1.39, set for worst week since September 2020 By Reuters

Posted by admin

in News

By Elizabeth Howcroft LONDON (Reuters) - Sterling extended its fall against the U.S. dollar on Friday, dropping below $1.39, hurt by the U.S. Federal Reserve's hawkish surprise and an unexpected fall in Britain's retail sales. The pound dropped against a strengthening dollar on Thursday after the Fed surprised markets by signalling it would raise interest rates and end emergency bond-buying sooner than expected. On Friday, it fell further against both the dollar and the euro. At 1158 GMT it was down 0.3% on the day at $1.389, having touched as low as $1.38555 - its weakest...

18 June

0 Comments

Sticky

Sykes Soars On $2.2 Billion Merger Proposal By Investing.com

Posted by admin

in News

By Dhirendra Tripathi Investing.com – Sykes Enterprises (NASDAQ:SYKE) stock was up by almost a third in Friday’s premarket trading as the company accepted a $2.2 billion merger proposal from Sitel Group. The combination aims to be a more competitive player in business process outsourcing, with a wider range of customer experience products and solutions. Sitel, through a wholly-owned subsidiary, will acquire all of Sykes’ outstanding shares of common stock at $54 per share, a premium of 31.2% over their closing price on Thursday. The proposed transaction is not subject to a financing...

18 June

0 Comments

Sticky

Billionaire Sternlicht Goes Bigger Again to Extend SPAC Streak By Bloomberg

Posted by admin

in News

(Bloomberg) -- Property billionaire Barry Sternlicht has once again increased the size of a special purpose acquisition company, a trick that others are finding harder to pull off in a cooling SPAC market. Sternlicht’s Jaws Juggernaut Acquisition Corp. raised $240 million in its U.S. initial public offering after boosting the size of the deal by 20%, according to a statement late Thursday. The SPAC is the fifth in a series raised by Sternlicht since the beginning of last year -- all with “Jaws” in the name -- and he’s achieved the rare feat of upsizing every...

18 June

0 Comments

Sticky

Orphazyme Halves Premarket As FDA Rejects Genetic Disorder Candidate By Investing.com

Posted by admin

in News

By Dhirendra Tripathi Investing.com – Shares of Orphazyme (NASDAQ:ORPH) looked set for an even bigger fall Friday after an over 10% decline in the previous session as the Food and Drug Administration rejected the company’s experimental treatment, arimoclomol, for a neurodegenerative rare disease known as Niemann-Pick disease type C. The shares were down more than 52% in premarket trading as the company seeks to reduce costs substantially and “freeze all company efforts not related to clinical and regulatory activities to support approval for NPC.” With the Danish company’s initial outlook dependent on the regulatory decision, it...

18 June

0 Comments

Sticky

Global equity funds see biggest inflows in three weeks – Lipper By Reuters

Posted by admin

in News

(Reuters) - Investment flows into global equity funds jumped to the highest in three weeks in the week ended June 16, as investors shrugged off inflation worries and focused on the improving global economic outlook. Global equity funds received a net $10.3 billion in the week ended June 16, compared with about $13 billion outflows in the previous week, data from Refinitiv Lipper showed. European equity funds led inflows, luring $8.6 billion, while U.S. equity funds and Asian equity funds had net purchases worth $0.4 billion and $1.2 billion, respectively. (Graphic: Fund flows into global...

18 June

0 Comments

Sticky

Grant Thornton loses fight in UK top court over 32 million sterling swaps bill By Reuters

Posted by admin

in News

By Huw Jones LONDON (Reuters) - Britain's highest court on Friday backed a 32 million pound ($44.49 million) negligence claim from Manchester Building Society against its former auditor Grant Thornton in a landmark ruling that could make it easier to bring claims against professional advisers. The Supreme Court said in a press summary that Grant Thornton had incorrectly told the building society that its accounts could be prepared using a rule known as hedge accounting to smooth out volatility in swaps held on the society's books. By relying on that "incorrect and negligent" advice, the...

18 June

0 Comments

Sticky

Wood Mackenzie buys consultancy Roskill to expand energy transition offering By Reuters

Posted by admin

in News

LONDON (Reuters) - Natural resources consultancy Wood Mackenzie said on Friday it had acquired privately-owned Roskill as it expands its expertise in the metals and materials crucial for the energy transition. "Combining Roskill’s capabilities with Wood Mackenzie reinforces our ability to provide comprehensive, integrated analysis across the energy, and metals and mining value chain," said Neal Anderson, Wood Mackenzie's president. Edinburgh-based Wood Mackenzie, owned by Verisk Analytics, specialises in commercial intelligence for the natural resources sector. Roskill, which describes itself as a "leader in critical materials supply chain intelligence", was founded in 1930 and is...

18 June

0 Comments

Sticky

Adobe, Fox and Smith & Wesson Rise Premarket By Investing.com

Posted by admin

in News

By Peter Nurse Investing.com -- Stocks in focus in premarket trade on Friday, June 18th. Please refresh for updates. Adobe (NASDAQ:ADBE) stock rose 2.8% after the software giant easily beat second-quarter targets, benefiting from customers moving towards a digital lifestyle by offering more mobile-based applications. Fox Corp (NASDAQ:FOX) stock rose 1% after the entertainment announced plans to add $2 billion to its stock repurchase plan, bringing the total amount authorised to $4 billion. Smith & Wesson (NASDAQ:SWBI) stock rose 4.5% after the gun manufacturer...

18 June

0 Comments

Sticky

Cerberus-backed My Money to buy HSBC’s French retail bank By Reuters

Posted by admin

in News

LONDON/PARIS (Reuters) -HSBC has agreed to sell its French retail banking operations to My Money Group, which is backed by private equity group Cerberus, ending a long endeavour to dispose of the struggling business as the British bank pivots towards Asia. My Money announced the agreement in a statement on Friday. HSBC has been trying to shrink its presence in some European and North American markets where it has struggled against larger domestic players, while Cerberus already owns stakes in Deutsche Bank (DE:DBKGn) and Commerzbank (DE:CBKG). "My Money Group, with the backing of funds...

Меню

News

Remington Gun Maker Vista Outdoor Rises as Cowen Calls it ‘Top Pick’ By Investing.com

Sterling falls below $1.39, set for worst week since September 2020 By Reuters

Sykes Soars On $2.2 Billion Merger Proposal By Investing.com

Billionaire Sternlicht Goes Bigger Again to Extend SPAC Streak By Bloomberg

Orphazyme Halves Premarket As FDA Rejects Genetic Disorder Candidate By Investing.com

Global equity funds see biggest inflows in three weeks – Lipper By Reuters

Grant Thornton loses fight in UK top court over 32 million sterling swaps bill By Reuters

Wood Mackenzie buys consultancy Roskill to expand energy transition offering By Reuters

Adobe, Fox and Smith & Wesson Rise Premarket By Investing.com

Cerberus-backed My Money to buy HSBC’s French retail bank By Reuters

FINSPECTION MANAGEMENT LTD

FINSPECTION PLC LTD

FINACOM MANAGEMENT NV